Unlisted black-empowered ICT services and solutions company XON has grown annual revenue by 80%, to almost R400 million, for the year to June and upped its bottom line by 140%.
The company says this growth, during generally tough economic times, is a result of maturing prior investment in infrastructure, partners and skills.
"Three years ago, we embarked on a programme to boost our infrastructure to deliver services and solutions," says XON CEO Carel Coetzee.
"That investment has now led to fully realised business divisions and a broad spectrum of solutions with integrated service delivery and a single, cohesive approach to market."
Coetzee says there was strong growth in each and every business line, which led to strong revenue and ultimately a positive impact on the bottom line.
"We have maximised our cross-selling opportunities through a consolidated business development strategy, and that approach has led to a corporate and public sector market extremely responsive to our basket of solutions, particularly in the last six months of our financial year.
"As a result, we expect even stronger results in the new financial year with evenly distributed growth performance."
The company made strong inroads into the financial services sector that will promote long-term growth in the networking and security arenas.
The telecommunications sector has shown significant results for the business, alongside Internet and application service providers, in line with XON's elevated Juniper Service Partner Elite status.
XON also won the Juniper Networking Enterprise Partner of the Year award, in November last year. The company did so by securing a number of contracts in the public, telecommunications and financial services sectors following a significant investment of time and expense in its business development and technical teams, says Coetzee.
XON's infrastructure business also delivered strong results and secured a number of key contracts, including one of the larger municipalities in Gauteng and the State IT Agency.
The organisation's niche offering to the retail market has seen widespread acceptance.
"With retailers under extreme pressure due to the flagging economy, price integrity has become even more critical to creating customer loyalty and improving efficiencies and running costs in the retail environment, allowing retailers to differentiate themselves. We ensure that this price integrity is maintained," says Coetzee.
"We have had an exceptional final six months to this financial year, from across all of our divisions and the regions."
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